1508 E Williams St, Unit Studio
1508 E Williams St
TempeAZ85281
Cheap Homes for Rent in Tempe, AZ from $500 (217 Rentals)
Search the lowest-cost Homes available for rent right now in Tempe.
140 E Rio Salado Pkwy
TempeAZ85281
1325 E Don Carlos Ave
TempeAZ85281
1939 E Concorda Dr
TempeAZ85282
1325 E Don Carlos Ave
TempeAZ85281
912 S Dorsey Ln
TempeAZ85281
2134 E Broadway Rd
TempeAZ85282
39 N San Jose
MesaAZ85201
3237 N 66th St
ScottsdaleAZ85251
1201 S McClintock Dr
TempeAZ85281
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
1201 S McClintock Dr
TempeAZ85281
9605 S 48th St
PhoenixAZ85044
1857 E University Dr
TempeAZ85281
1886 E Don Carlos Ave
TempeAZ85281
5119 E Oak St
PhoenixAZ85008
528 W Howe St
TempeAZ85281
528 W Howe St
TempeAZ85281
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$1,0362 Bedroom Apartments Available Now
1050 W University Dr
1050 W University DrMesa, AZ 85201
4824 E Willetta St
PhoenixAZ85008
1522 E Southern Ave
TempeAZ85282
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
700 W University Dr
TempeAZ85281
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$1,0751 Bedroom Apartments Available Now
1940 W University Dr
1940 W University DrMesa, AZ 85201
1201 S McClintock Dr
TempeAZ85281
2525 N 52nd St
PhoenixAZ85008
1125 E Broadway Rd
TempeAZ85282
4718 E Portland St
PhoenixAZ85008
53 N San Jose
MesaAZ85201
906 S Farmer Ave, Unit C
906 S Farmer Ave
TempeAZ85281
700 W University Dr
TempeAZ85281
1942 S Emerson
MesaAZ85210
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Find the Best Phoenix Neighborhoods to Rent and Essential Tips on Getting Around Town, the City's Unique History, Must-try Local Food, and the Outdoor Culture.
1811 E Apache Blvd
TempeAZ85281
5312 E Taylor St
PhoenixAZ85008
5900 E Thomas Rd
ScottsdaleAZ85251
1522 E Southern Ave
TempeAZ85282
1111 E University Dr
TempeAZ85288
5900 E Thomas Rd
ScottsdaleAZ85251
6801 E Avalon Dr
ScottsdaleAZ85251
4214 S 47th Pl
PhoenixAZ85040
4232 S 46th Pl
PhoenixAZ85040
1006 S Dorsey Ln
TempeAZ85281
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
731 W University Dr
TempeAZ85281
200 E Southern Ave
TempeAZ85282
1325 E Don Carlos Ave
TempeAZ85281
731 W University Dr
TempeAZ85281
1811 E Apache Blvd
TempeAZ85281
1311 W Baseline Rd
TempeAZ85283
615 S Hardy Dr
TempeAZ85281
530 S Alma School Rd
MesaAZ85210
8443 E Coronado Rd
ScottsdaleAZ85257
1007 N Scovel St
TempeAZ85288
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Tempe, AZ Local Guide
How much does it cost to rent a home in Tempe?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Tempe 2 Bedroom Homes for Rent | $1,795 | $929 | $5,495 |
| Tempe 3 Bedroom Homes for Rent | $2,778 | $999 | $10,000+ |
| Tempe 4 Bedroom Homes for Rent | $3,512 | $1,795 | $9,500 |
| Tempe 5 Bedroom Homes for Rent | $4,686 | $2,455 | $10,000+ |
| Tempe 6 Bedroom Homes for Rent | $5,280 | $3,650 | $6,100 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Tempe, AZ Local Guide
- Tempe Neighborhoods
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Cheapest Neighborhoods for Apartments in Tempe, AZ
Pricing Updated: 03/13/2026Current apartment rentals in the Tempe, AZ area range in price from $699 to $18,601 with an overall median price of $4,410. The three Tempe neighborhoods with the lowest median rent pricing are The Lakes at $854, Apache at $770, and Tally Ho Farms Raintree at $1,199. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Tempe Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| The Lakes | $2,047 | $854 | 232 |
| Apache | $2,207 | $770 | 449 |
| Tally Ho Farms Raintree | $2,276 | $1,199 | 108 |
| South Tempe | $2,524 | $961 | 442 |
| West Chandler | $4,508 | $1,157 | 332 |
| Guadalupe | $6,315 | $854 | 410 |
| Alameda | $10,999 | $699 | 1110 |
Cheapest Available Tempe Apartments for Rent
The cheapest available apartment rental in Tempe, AZ is a Studio unit found at Valencia Park in the South Phoenix neighborhood priced from $805. Terrasol in the South Phoenix neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $813. Here is today’s list of the most affordable Tempe apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valencia Park | Sonoma | Studio,1BA | $805 |
| Terrasol | A1 | 1BR,1BA | $813 |
| Papago Vista | Junior One Bedroom | 1BR,1BA | $850 |
| The Atrium | 1x1 | 1BR,1BA | $850 |
| Villas on 4th | Studio | Studio,1BA | $875 |
| Willowbrook Apartments | 126 | 1BR,1BA | $895 |
| Aster on University | S1 R | Studio,1BA | $899 |
| Grandes Cortes | Studio | Studio,1BA | $899 |
| Waterstone | Studio S1-380 | Studio,1BA | $900 |
Best Value Apartments for Rent in Tempe, AZ
As of March 13, 2026 the best value apartment in the Tempe area is the $0.53 price per square foot Furnished Townhome Model at Lofts on 8th | Student Housing in the in the Downtown Tempe neighborhood starting from $999. The second greatest value Tempe apartment is the D1 PHPV Model at Nine20 Tempe starting at $1,059 with a $0.73 price per square foot in the Downtown Tempe neighborhood. Here is today’s list of the best values for Tempe apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts on 8th | Student Housing | Furnished Townhome | 4BR,4.5BA | $0.53 |
| Nine20 Tempe | D1 PHPV | 4BR,4BA | $0.73 |
| Villas at Papago | Two Bedroom Villas | 2BR,1BA | $1.00 |
| Avenue 8 | B1 | 2BR,2BA | $1.00 |
| 505 West | Havasu | 2BR,2BA | $1.27 |
| Butterfield Park | Two Bedroom Two Bathroom | 2BR,2BA | $1.26 |
| Sago Gardens | Single Story | 2BR,1BA | $1.21 |
| 6125 E Indian School Rd, Unit 220 | 6125 E Indian School Rd | 1BR,1BA | $1.21 |
| The Avi | 1x1 | 1BR,1BA | $1.33 |
| Terrasol | A1 | 1BR,1BA | $1.31 |
A Phoenix Expert's Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Working at a top Phoenix employer? Get the inside scoop on renting apartments in nearby neighborhoods like Encanto, Coronado, Riverside, and South Mountain Village for a great life and easy commute.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleExpert's Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
A Local Experts Guide to The 10 Best Neighborhoods Near Universities and Colleges in the Phoenix metro area for affordable living. Find your perfect Phoenix apartment, condo, or rental home today at ApartmentHomeliving.com
Read ArticleQuick Rent Budget Calculator
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Best Local Schools in Tempe, AZ
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Tempe
What type of rentals are currently available in Tempe?
There are currently 1151 Apartments for Rent in Tempe, AZ with pricing that ranges from $649 to $18,601. There are also 754 Single Family Homes for rent, Condos, and Townhome rentals currently available in Tempe ranging from $599 to $14,995.
What is the current price range for Rental Homes in Tempe?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Tempe ranges from $599 to $14,995 with an average monthly rent of $2,945.
How much are larger Three and Four Bedroom Rentals in Tempe?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Tempe range from $830 to $18,601, while Three Bedroom Homes, Condos, and Townhomes for rent range from $999 to $14,995. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $770.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
A Local Experts Guide to the Top 10 Budget Friendly Neighborhoods in Phoenix, AZ
Written by: Andrew Jollett
I'm Andrew, your ApartmHomeLiving.com local expert for Phoenix. My earliest memories of Phoenix date back to the mid-2000s when 2 of my sisters moved there (one for work and the other for school).
Experts Guide to the Top Neighborhoods in Phoenix, AZ for College Renters
Written by: Andrew Jollett
I never attended school in Phoenix. While living there for some time, I often longed to join in on the fun and adventure I saw students from a number of colleges in the area.
A Phoenix Experts Relocation Guide: Best Neighborhoods to Rent Near Banner, ASU, & Amazon
Written by: Andrew Jollett
Phoenix has long been one of the fastest-growing metros in the United States. When I think about how much I’ve seen it change over the years, it’s no wonder so many young professionals flock to the area every year.
New to Phoenix? Your Essential Guide to Top Neighborhoods, City Life and Transit Options
Written by: Andrew Jollett
Hi everyone! My name is Andrew, and I’m your local ApartmentHomeLiving.com guide for the greater Phoenix area. Today, I want to take you on an insider’s tour of the area.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.